RMB Nigeria Asset Management Limited (RMBN AM) has announced a significant two-notch credit rating upgrade for its RMBN Money Market Fund. Nigeria’s leading rating agency, Agusto & Co., elevated the Fund’s rating to ‘A+’.

This upgrade underscores the Fund’s robust asset base, strong liquidity, and a disciplined approach to risk management. It further solidifies its standing as a reliable money market investment option within Nigeria’s dynamic financial landscape.

Kike Mesubi, CEO of RMB Nigeria Asset Management, emphasized that the upgrade validates the consistency and strength of the Fund’s investment strategy. Mesubi stated, “This upgrade is a strong endorsement of the quality, discipline and consistency that underpin how we manage the Fund.”

She added that the primary focus remains on capital preservation, delivering competitive returns, and maintaining a prudent approach to risk management. The Fund has consistently performed among the top in its category, even amidst tighter market conditions and moderating yields.

Mesubi reiterated the commitment to balancing return and risk to serve clients effectively over the long term. She noted that this recognition reinforces the Fund’s capability to provide competitive and consistent returns across various market cycles.

Furthermore, Mesubi highlighted that the upgrade offers a platform for RMBN AM to enhance investor confidence and continuously strengthen its asset management offerings. She affirmed, “We will continue to draw on our global network, governance framework and local market expertise to support clients and grow the Fund responsibly.”

RMB Nigeria Asset Management operates as part of the FirstRand Group, integrating local market insights with international best practices. Its asset management capabilities are supported by experienced leadership, a robust governance culture, and a proven track record of consistent performance.

RMBN Nigeria Asset Management Limited (RMBN AM) is a wholly owned subsidiary of FirstRand Limited, a prominent financial services group headquartered in South Africa. Registered and regulated by the Securities and Exchange Commission, Nigeria, RMBN AM delivers investment solutions by combining deep local market expertise with global best practice.